"We accept Bitcoin" is announced at a barber shop in Santa Tecla, El Salvador, Sept. 4, 2021. | Salvador Melendez/AP Photo
By Ben Schreckinger
06/13/2022 05:00 AM EDT
When Argentina’s central bank issued a de facto ban on trading digital assets, enraged cryptocurrency investors quickly fingered a culprit: As part of a bailout negotiation with the International Monetary Fund, the South American nation had recently promised to crack down on cryptocurrencies.
“The IMF is evil,” was one typical Twitter response to last month’s move, punctuated with an emoji of an extended middle finger.
Across four continents, tensions over the future of money have mounted in recent weeks. As Western investors and developing world leaders pursue new initiatives that encourage countries to adopt Bitcoin as an official currency — and the Central African Republic joins El Salvador in doing so — the stewards of the global financial system are increasingly pushing back.
At stake is whether the issuance and...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...